March 15, 2007 13:38 ET

Glitnir's Rating Unaffected by Fitch Sovereign Downgrade of Iceland

REYKJAVIK, ICELAND--(CCNMatthews - March 15, 2007) - Fitch Rating agency has today affirmed Glitnir Bank's ratings at Issuer Default 'A,' Short-term 'F1,' Individual 'B/C' and Support '2.' The Outlook on the Issuer Default rating is Stable. Glitnir's rating unaffected by Fitch sovereign downgrade of Iceland.

Fitch rating is attached.

Fitch rating (PDF)

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